Simulate risk events along defined business process chains; analyze dependencies between business processes, risks and controls; and use statistical methods to define risk probabilities and damage distributions. Describe and analyze risk scenarios in detail; describe different risk scenarios; and communicate risk treatment to third parties.

Decrease complexity

Integrate all regulatory demands into a single approach and Internal Control System (ICS). Create issues for identified problems and weaknesses in the internal control system so improvements can be initiated. Track action with two-stage issue workflow.

Standardize GRC processes using an integrated platform across all different risk and compliance areas. This central hub also provides a “single point of truth” for all compliance activities.

Simplify audits

Schedule audit related tasks and get efficient support for your time management and reporting. The platform also includes a “self-audit” capability and a seamless audit trail. Reduce audit fees and re-use process documentation.

Manage incidents efficiently

Use the system to easily document incidents and resulting loss or damage. Basel II and Solvency II requirements are covered. Publish corporate guidelines and get confirmation from the appropriate people that policies have been applied. Launch and document training.

Manage problems and weaknesses in the ICS and let people know about them for fast resolution. Action tracking helps ensure follow-up on every defined activity:

Document every issue, from creation to completion

Create a central escalation workflow

Assign issues to the right process steps

Incident management

Use a comprehensive workflow for incident management:

Categorize incidents by criteria, such as type of business and incident type or cause

Meet Basel II and Solvency II requirements

Evaluate expected losses

Control management

Create and monitor controls after identifying compliance risks:

Deal with deficiencies in a timely and coordinated way with fully documented processes and responsibilities

Document control execution

Improve testing workflow

Quickly adapt to new laws and regulations

Demonstrate complete audit trail

Policy management

Map policies, stored in a central repository, to business context with clearly defined responsibilities, affected processes, entities and more. Policy owners gather stakeholder approvals and then publish official policies. Employees can attest they’ve received policies and sign a formal confirmation. A seamless audit trail makes reporting fast and easy:

Assure clear transparency about responsibilities and context

Use policy workflows for approval, publishing and review

Count on an integrated workflow and notification mechanism

Regulatory change management

Quickly and easily analyze business elements affected by regulatory changes:

Trigger responsible personnel to perform and document review tasks

Manage required changes via an issue management workflow

Give top management a top-level view of the change process using dashboards

Quickly adapt to new laws and regulations

Demonstrate a complete audit trail

Loss management

Document losses resulting from incidents and classify them into different types:

Distribute losses according to organizational units, processes, cost centers and IT systems

Compare losses with risk capital and improve risk evaluation

Meet Basel II and Solvency II requirements

Use historical data for risk evaluation

Operational risk management

Easily identify and document risks in your processes, including financial and security risks

Evaluate risks for various impacts and probabilities

Visualize your risk status

Develop strategies to reduce enterprise risk

Trigger alarms when thresholds are reached

Count on support across the entire process, from risk identification, documentation and analysis through to risk monitoring

Audit management

Our platform offers an integrated GRC system with one relational database aligned to business processes. This helps internal auditors manage paperwork and schedule audit-related tasks and get support for time management and reporting:

Reduce audit times and audit costs

Use Gantt charts for visualization on time axis

Create an undoubted audit trail

Modeling and process risk simulation

Model your processes, including all relevant risk and compliance data:

Link risks and controls directly to the suitable process steps, and map them to the business context

Simulate risk events along defined business process chains

Analyze dependencies between business processes, risks and controls

Define all GRC-related data

Conduct what-if analyses

Store information in the central repository

Collaboration

Unlock the power of collaborative process improvement:

Use an easy link between ARIS Connect and ARIS Risk & Compliance Manager

Gain transparency into every single process and 100 percent data coverage

Trigger workflow tasks for immediate action automatically

Business needs

Compliance management

Identify the necessary internal measures (controls) to ensure compliance, establish a regular schedule to assess effectiveness and report to the respective authorities about status and findings. Adapt faster to new laws and regulations and create synergies between overlapping regulatory requirements by creating one company-specific requirements catalog.

Risk management

Define the right controls to mitigate risks and install effective measures to reduce their consequences if they occur. Use heat maps and bow tie methodology to visualize and analyze risk status. Determine risk probabilities and damage distributions by simulating risk events along business-process chains.

Policy management

Improve corporate governance by understanding the full life cycle of a policy, from creation and release to the assessment of its effectiveness. Communicate important policies to employees.

Audit management

Analyze and assess quality as well as other performance areas. Usually this includes scheduling audit-related tasks, managing paperwork, organizing findings and reporting results. Our platform helps you reduce costs of temporary staff, such as auditors, and re-use best practices for different audits. Gain insight into upcoming tasks and preparation times. Get a real-time overview of your company’s risk and control landscape.

Products

ARIS Risk and Compliance Manager

Used to implement and efficiently operate an enterprise-wide compliance and risk management system.
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ARIS Architect/ARIS Designer

Flagship ARIS products used to create, analyze, manage and administer the whole enterprise model, from strategy over business processes to information architectures, application landscapes and services.
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ARIS Connect

Provides individual user perspectives combined with social networking capabilities that allow people to contribute to process improvement based on their unique skills and experiences.
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ARIS Aware

Improve the transparency of your enterprise and drive better decisions based on powerful visualizations of reliable data analytics.
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ARIS GRC Cloud

Your GRC projects can start immediately in the cloud on a subscription basis. ARIS GRC Cloud is available in a private cloud environment and in different sizes, providing the right flexibility as your projects change and grow.
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QUESTIONS?TALK TO AN EXPERT

I’m Georg Wilhelm, director of ARIS product management. I’m here to help you understand the value of ARIS for GRC management. Have a question or an idea for a new feature? Let’s talk!

COMPANY PROFILE

Software AG provides solutions that drive digital transformation in organizations worldwide, helping to improve operational efficiency, modernize systems and optimize processes for smarter decisions and better service. Our solutions include an integration platform built on a powerful enterprise service bus that enables organizations to quickly connect virtually any system and application. We offer enterprise architecture management solutions that help align the IT landscape with business needs.

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